Series C15 July 2020

Ravelin raises £16.4m in Series C funding led by Draper Esprit to expand into new markets.

Draper Esprit led the Series C financing, with continued backing from Amadeus Capital Partners, BlackFin Tech, and Passion Capital.

£16.4MSeries C

Fraud detection company that uses machine learning and graph networks to help online merchants accept payments securely. It protects global businesses across retail, travel, and marketplaces against digital crime.

Fraud prevention specialist Ravelin has secured £16.4m in a Series C funding round led by Draper Esprit. The company will direct the capital towards expanding its international footprint and developing new security products for digital commerce.

Existing backers Amadeus Capital Partners, BlackFin Tech, and Passion Capital also participated in the round. Ravelin has experienced rapid growth since its previous raise in 2018, protecting billions of transactions and millions of user accounts for large-scale platforms worldwide.

From the founder

"We have been very busy in the two years since our last funding round in 2018. Our approach to tackling fraud and risk for enterprise-scale businesses has resonated with the market and we’ve grown our client base rapidly"

Martin Sweeney

CEO at Ravelin